mathdad
Full Member
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- Apr 24, 2015
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For questions 64, 68, and 70, set up the correct equations. Use any variable(s) of choice.
64. A recently retired couple needs 12,000 per year to supplement their Social Security. They have 150,000 to invest to obtain this income. They have decided on two investment options: AA bonds yielding 10 percent per annum and a Bank Certificate yielding 5 percent.
(a) How much should be invested in each to realize exactly 12,000?
(b) If, after 2 years, the couple requires 14,000 per year in income, how should they reallocate their investment to their investment to achieve the new amount?
Part A Set Up:
x + y = 12,000
0.10x + 0.05y = 150,000
Part B Set Up:
x + y = 14,000
0.10x + 0.05y = 150,000
68. One group of people purchased 10 hot dogs and 5 soft drinks at a cost of 35.00. A second bought 7 hot dogs and 4 soft drinks at a cost of 25.25. What is the cost of a single hot dog? A single soft drink?
Set Up:
Let h = hot dogs
Let s = soft drinks
10h + 5s = 35.00
7h + 4s = 25.25
70. Pamela requires 3 hours to
swim 15 miles downstream on the Illinois River. The return trip upstream takes 5 hours. Find Pamela’s average speed in still water. How fast is the current? (Assume that Pamela’s
speed is the same in each direction.)
Set Up:
Let a = average speed in still water
Let c = speed of current
3(a + c) = 15
5(a - c) = 15
Is any of this correct?
64. A recently retired couple needs 12,000 per year to supplement their Social Security. They have 150,000 to invest to obtain this income. They have decided on two investment options: AA bonds yielding 10 percent per annum and a Bank Certificate yielding 5 percent.
(a) How much should be invested in each to realize exactly 12,000?
(b) If, after 2 years, the couple requires 14,000 per year in income, how should they reallocate their investment to their investment to achieve the new amount?
Part A Set Up:
x + y = 12,000
0.10x + 0.05y = 150,000
Part B Set Up:
x + y = 14,000
0.10x + 0.05y = 150,000
68. One group of people purchased 10 hot dogs and 5 soft drinks at a cost of 35.00. A second bought 7 hot dogs and 4 soft drinks at a cost of 25.25. What is the cost of a single hot dog? A single soft drink?
Set Up:
Let h = hot dogs
Let s = soft drinks
10h + 5s = 35.00
7h + 4s = 25.25
70. Pamela requires 3 hours to
swim 15 miles downstream on the Illinois River. The return trip upstream takes 5 hours. Find Pamela’s average speed in still water. How fast is the current? (Assume that Pamela’s
speed is the same in each direction.)
Set Up:
Let a = average speed in still water
Let c = speed of current
3(a + c) = 15
5(a - c) = 15
Is any of this correct?